Big Diamond Sells for $16.2 Million

It's the biggest diamond of its kind ever toappear at auction -- and it's been sold for nearly $16.2 million. The 84.37-carat white diamond was touted by auctioneer Sotheby'sfor its size and beauty. It's the biggest top-quality,brilliant-cut white diamond ever auctioned. The winning bid came from Georges Marciano, the founder of theGuess clothing company. It fell just short of the all-time auctionrecord for a stone or piece of jewelry. The bid was made by phone to the auction in Geneva. The auction also featured other diamonds, colored stones andgems from the world's leading jewelers.